Series 65: 8.2. The Securities Exchange Act Of 1934

Taken from our Series 65 Online Guide

8.2. The Securities Exchange Act of 1934

Right after the Securities Act of 1933 was passed, legislators and regulators recognized the need to also regulate those who sell securities to the public for a living, not just the issuing of securities. It turns out that securities don’t have as great a tendency as people do to act unethically. The Securities Exchange Act of 1934 regulates broker-dealers and how existing securities are resold in the secondary market.

To meet this objective, the Securities Exchange Act of 1934 defines a broad set of guidelines to govern securities trading. Five major pieces of information about the Exchange Act are important to remember:

• It contains important trading laws—including laws on insider trading.

• It gave the Federal Reserve Board the power to regulate margin requirements—the Fed currently allows broker-dealers to lend customers up to 50% of the purchase price of a security.

• It created the Securities and Exchange Commission (SEC)—this body is primarily responsible for the creation and enforcement of securities laws.

• It allows securities exchanges to regulate themselves (e.

+ Read More

More Series 65 Info

What are people saying?

Create an Account

Since you're reading about Series 65: 8.2. The Securities Exchange Act Of 1934, you might also be interested in:

Series 63 - 5.3.1 Custody

Series 66 - 3.1 Mutual Funds

Series 24 - Sanctions

Series 52 - 4.1.4. Functions of a Municipal Bond Trader

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I just passed the Series 65 exam – thanks, Jeremy! Your excellent and enjoyable book and challenging practice exams-and-quizzes were my only resources. This exam kicked my butt, but I was able to accomplish the only essential task – simply "to pass" – because of the thoroughness (and the plain English and occasional humor) of these two essential test prep materials. Here's my warning -- don't underestimate the difficulty of this exam! I highly recommend that fellow Series 65'ers keep taking the practice exams and quizzes until they can comfortably get a score of 80+ before scheduling their exam; you need to go into the exam room with the confidence that this crucial simulated test-taking experience will provide. I'm so grateful for your help!

Jeff Hartnett, Portland, OR

I just wanted to let you know I took the Series 65(85), Series 63(90) and Series 7(90) and am pleased as can be with your guides and practice materials. Not only do they contain the facts that are needed to pass the exams, but are actually presented in a format that you are still interested and awake by the time you get there! Really brilliant instructions.

Michael, CPA, Registered Representative

Special thanks to Solomon for ensuring I pass the 65! Trust in the material and you will pass. I bought multiple resources and by far, Solomon was the best. Thanks again.

Paige Robino, Fisher Investments, Plano, TX

I truly wish I had tried Solomon Exam Prep earlier! Started studying for the Series 65 exam with a different company and missed passing the test by 4 questions. I was pretty disappointed because my study materials, especially the quiz generator, weren't a great reflection of what the test would actually be like. But Solomon's Exam Simulator was the KEY to passing my second go-around! Questions were very similar to the actual exam and I managed to boost my score by 10% from the first time, only using the Solomon materials for less than a week! HIGHLY recommend this to anyone in need of 65 materials!

Hannah Cash, Denali Wealth Management, Indianapolis, IN

After failing the SIE with a different study company, I passed after using Solomon! I then passed the S6, S63 and S65 on the first try after studying with Solomon materials! I loved how easy the material was to comprehend and the practice tests were amazing! I felt well prepared for each test! Thank you Solomon!

Sara Hays, State Farm. Atascadero, CA

Thank you Solomon! I passed the Series 65 today on the 1st attempt. Same result as on the Series 63 I passed last year. The Solomon video lectures and exam simulator was awesome. It not only helped pass the test but helped me really understand all the material.

Gary Kilanowski. Scottsdale, AZ